Mro

If supply-chain disruptions escalates in the next few months, Indian MRO companies will struggle to carry out heavy maintenance and redelivery checks for domestic airlines.

IndiGo to set up second MRO facility spread over 31 acres in Bengaluru in partnership with BIAL

IndiGo and BIAL have signed an MoU on May 30 to build a second MRO facility for the airline at Kempegowda International Airport, Bengaluru.

DIPAM to fast track sale of 2 Air India subsidiaries, may invite EOIs this month

Strategic disinvestment of AIESL, AIASL, and Alliance Air gathers pace as the Centre looks to revive stalled asset sale process and meet FY26 receipts target

Adani Group eyes large defence contracts through Air Works acquisition

The Adani Group has been keen on taking up defence maintenance and manufacturing contracts and the acquisition will help the company expand its presence in these markets.

IndiGo to fit grounded planes with dual-seat configuration, launch business class by year end

By adopting this strategy, IndiGo aims to test its premium service on domestic routes, train cabin crew, cut costs, and avoid grounding more planes to install new seating.

Budget 2023: Aviation industry has a wishlist but doesn't expect much action

This year as well airlines are hoping to receive several monetary benefits and concessions from the government including a reduction in excise tax on ATF, which accounts for a significant chunk of an airline's operational costs.

IndiGo opens second MRO facility at Bengaluru international airport

IndiGo has signed a 20-year pact with Bangalore International Airport Ltd (BIAL) to sub-lease five acres for the 13,000 sq.m. facility that will service two narrow-body aircraft

What does aviation industry want from the Union Budget 2022-23?

Industry representatives told Moneycontrol that the government should come out with standards to regulate air traffic movement in the face of a new wave of the virus to give the airlines adequate notice to readjust their operations.

Atmanirbhar Bharat package| Airlines may be sulking, but MRO segment welcomes spotlight

Ravi Menon of Air Works, the largest independent MRO player in the country, said the segment is finally getting its due.

Aviation sector: Steep cut in GST on MRO industry likely

At present, the MRO industry is taxed at 18 percent, making aircraft servicing in India costlier than other countries.

Air Works eyes Rs 450 cr revenue from Indian clients in 2 yrs

Betting big on the fast growing domestic aviation market, leading MRO services provider Air Works expects revenues from Indian clients to grow nearly two-fold to Rs 450 crore by March 2019.

Aviation policy cleared: 5/20 likely eased, capped fares mooted

The government today approved its long-awaited National Aviation Policy, which contains various measures to boost the country's under-penetrated aviation sector and boost connectivity across towns.

Budget proposals to help India become MRO hub in aviation: Raju

In the Budget 2016-17, the government has come out with various proposals, including customs and excise duty exemption for tools and tool-kits used in Maintenance, Repair and Overhaul (MRO) works.

Govt reinstates services under defence offset norms

Under the amendments, training and quality assurance related services have been kept out but MRO or design or R&D and two more service related offsets have been bought back.

Draft aviation policy mum on ATF sales tax issue: CRISIL

ATF cost, which constitutes 40 percent of the operating cost of an airline, is an important determinant of operating margin. States charge anywhere between 4 to 30 percent sales tax on ATF, making the fuel 30-35 percent more expensive than in most countries

Govt should stay away from capping fares: SpiceJet Chairman

Spicejet Chairman Ajay Singh told CNBC-TV18‘s Shereen Bhan that capping fares at Rs 2,500 will be an impediment to growth of airlines.

Draft aviation policy intent right; execution key: Experts

As long as the thrust is primarily in terms of ensuring that the critical elements of the policy structures are implemented both in terms of fiscal regime, infrastructure and structural issues like DGCA, in the long-term it will be good for everyone, says Kapil Kaul of CAPA

1-hr flight fare to cost only Rs 2500:Draft aviation policy

To help airline companies keep their costs down, the draft policy has proposed that aviation turbine fuel drawn from regional connectivity airports be exempted from custom duty. Also, the policy has proposed waiver of service tax on maintenance, repair and overhaul (MRO) expenses incurred by airline companies

Govt mulls linking aviation bilaterals with MRO facilities

Such a move would help reduce the expenses incurred by local airlines on Maintenance, Repair and Overhaul (MRO) works, which are done by them mostly overseas as costs are high in India.

Govt may provide sops to airline MRO industry

Sources told CNBC-TV18 the PMO has sent a note to the DIPP last month, following consultations with the industry, asking it to consider viability of allowing concessions for the MRO industry.

Maha CM seeks Microsoft support for smart city project

Fadnavis, who is on a week-long visit to the US, met Nadella in Seattle yesterday. He also met Joe Minarik of Amazon Web Services (AWS) and briefed him about the state's new IT policy.

Union Budget 2015: Travel may become expensive on proposed service tax hike

The industry was seeking updation of standards for security equipment, establishment of a 'green' channel for maintenance, repair and overhaul (MRO) equipment and allocation of appropriate funds for air navigation facilities.

Union Budget 2015: Bring ATF under declared goods, expect MRO tax sops: CARE

It would be of great help to the sector if Arun Jaitley notifies ATF as 'declared good' as it would help bring down airfares and help loss-making airlines such as SpiceJet improve their financial health, says Care Ratings.

Loans taken by Air India now stand at Rs 47,226 cr: Govt

Air India has a loan of over Rs 47,000 crore and 95 services of the national carrier were not even meeting the cash cost of the operations, government said on Tuesday.

GoM meeting on ATF import and FDI next week

With indications that government is keen to allow foreign airlines buy stakes in Indian carriers, a Group of Ministers (GoM) is likely to meet next week to decide on the investment cap by them, official sources said today.